How do retirement tests affect the labour supply of older men?

• 成果类型: Article
• 署名作者: Baker, M; Benjamin, D
• 署名单位: University of Toronto; University of California System; University of California Davis
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(98)00056-5
• 发表日期: 1999
• 页码: 27-51
• 关键词: earnings tests; retirement; Labour supply; public pensions; fixed costs

摘要

We analyze the sequential elimination of retirement/earnings tests from Canada's public pension plans. Our empirical framework potentially overcomes the obstacles encountered analyzing the tests within the context of a national social security system. Our results indicate that the removal of the tests were associated with relatively large shifts from part year full time to full year full time work. We are unable to reconcile these results within the context of a traditional labour supply model. Instead, they are consistent with a model which incorporates fixed costs of work, or labour market rigidities which preclude continuous reductions in labour supply around retirement. (C) 1999 Elsevier Science S.A. All rights reserved.